Gary Black Says a 'One-and-Done' Fed Hike Could Push Treasury Yields Lower and Be Better for Stocks
Gary Black said a 25-basis-point Fed hike, if positioned as 'one-and-done' could push yields lower and be better for stocks.
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Steve Eisman’s former ‘Big Short’ colleagues warn SpaceX and Anthropic IPOs could pressure stocks as they bet heavily on gold.
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Gary Black said a 25-basis-point Fed hike, if positioned as 'one-and-done' could push yields lower and be better for stocks.
Gold averaged a 6.1% gain in the 12 months after the first Fed hike, but was positive just 40% of the time after one month.
Fed funds futures price a 93% chance of a rate hike Wednesday. The dot plot, the new inflation and growth forecasts, and Warsh's October answer.
Major stock indexes fell despite chip stocks recovering from Monday's AI-driven selloff. The Dow and Nasdaq Composite each dropped 0.7% while the S&P 500 fell 0.4%. Rising Treasury yields (10-year at 5.041%, highest since July 2007) and elevated oil prices drove market concerns. The Fed is expected to hike rates by a quarter-point on Wednesday, with future rate decisions dependent on energy costs and inflation pressures.
Goldman Sachs Group's alternatives business brought in $11.7 billion across a new set of private equity funds.
Goldman Sachs stock declined 3.96% on September 14, 2026, underperforming the S&P 500's 0.48% loss. The company is expected to report Q3 earnings on October 13, 2026, with EPS projected at $15.62 (up 27.51% YoY) and revenue of $17.04 billion (up 12.19% YoY). Goldman Sachs holds a Zacks Rank #1 (Strong Buy) rating with a Forward P/E of 14.94, trading at a slight premium to its industry average.